12/7/2017Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the completion of Basel III Capital Standards:

"The consensus agreed to by the Group of Governors and Heads of Supervision (GHOS) completes nearly seven years of work on the Basel III bank capital standards. The reforms standardize the approach, improve the quality and consistency of bank capital requirements, and will help level the playing field for U.S. firms and businesses operating internationally."

12/7/2017Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the completion of Basel III Capital Standards:

"The consensus agreed to by the Group of Governors and Heads of Supervision (GHOS) completes nearly seven years of work on the Basel III bank capital standards. The reforms standardize the approach, improve the quality and consistency of bank capital requirements, and will help level the playing field for U.S. firms and businesses operating internationally."

Because whatís happening now is that the accounting (which is being done on a 2nd set of books) is being turned into the government of Iraq and itís already done at 1:1.What laws are we still looking to get passed to get to get this economy going.
The first big deal is the acceptance of Article VIII.

The political will to end the auctions and allow the dinar to float requires a ton of legislation, or the removal of restrictive legislation.
Passing the HCL will help eliminate the massive corruption surrounding the oil money. The key is to empower the banks, protect Iraqi deposits, have the currency internationally recognized and remove the red tape and investment obstacles so that western money does come into Iraq.
Capitalism is a powerful tool, if thereís money to be made and itís safe to do it, Iraq will have all the investment they can handle.

Because what’s happening now is that the accounting (which is being done on a 2nd set of books) is being turned into the government of Iraq and it’s already done at 1:1.What laws are we still looking to get passed to get to get this economy going.
The first big deal is the acceptance of Article VIII.

The political will to end the auctions and allow the dinar to float requires a ton of legislation, or the removal of restrictive legislation.
Passing the HCL will help eliminate the massive corruption surrounding the oil money. The key is to empower the banks, protect Iraqi deposits, have the currency internationally recognized and remove the red tape and investment obstacles so that western money does come into Iraq.
Capitalism is a powerful tool, if there’s money to be made and it’s safe to do it, Iraq will have all the investment they can handle.

Secrets of MediaThe General Secretariat of the Iraqi Council of Ministers to disrupt the official work on Sunday and Monday.In a statement, the secretariat said that Iraqi Prime Minister Haider al-Abbadi congratulated the Iraqis on the birthday of Jesus Christ and directed that the feast be for the Christian brothers for Sunday, Monday 24 and 25.

EconomySaturday 23 December 2017 12:30 pmBAGHDAD – The economic expert, Wafaa Al-Mahdawi, unveiled on Saturday the details of the five-year development plan for Iraq starting from 2018 to 2023, and announced that this plan will be different from the previous one.“We are now heading to a new development plan that will be drafted in the first month of 2018, and it is about to be completed. This new plan has a proposal that may carry the slogan of” laying down the application of the active development of social responsibility in Iraq, “Mahdawi said. The transformation of the role of the state to be a partnership with the private sector and call for the contribution of the private sector by a percentage may exceed slightly 40% of the total investment plan for the next five years.“Infrastructure activities are the leading sector in this plan so that investments will be mobilized and directed to these activities so as to improve the productive sectors of agriculture and industry, sectorally and spatially and thus gradually shift through this stage under the constraints of public debt and low oil prices, we will strive to improve Existing Asset Management Policy The philosophy of the development model of 2018 and 2023 has taken into consideration all the determinants that may limit the possibility of adopting investments and expanding new investments. ”“The sectors of agriculture, industry, housing, oil and gas are included in this plan. They are based on four main axes: Emphasizing the restoration of stability and development, reconstruction of areas liberated from terrorist organizations, and the private sector partnership. “The plan emphasizes the governance of institutions, as well as the poverty issues. The first national strategy for Iraq will be launched in the first month on poverty.” Poverty rates have widened and the poverty base among the displaced N by up to 40 percent, “.anthy 3

Direct said Governor of the Central Bank of Iraq, said that the flotation of the Iraqi dinar is difficult to apply as the monopoly of the government to display the dollar and foreign currency in the country. “The oil countries depend on a fixed exchange rate, or fixed with flexibility, and do not resort to the method of floating the currency, which did not happen either in Iraq or other oil countries,” Ali al-Alak said in an interview with the Arab African newspaper.

Al-Alak pointed out that the decision of the Egyptian Central Bank to float the pound, in November 2016, is a correct step , but it came too late. The Central Bank of Iraq took a series of measures to achieve financial and economic stability in the country, including the removal of the financial sector from risks and prevention; issuing the law on combating money laundering and financing terrorism in 2015. Complete: To strengthen prudential supervision, strengthen payment systems and electronic payment systems for clearing and settlement operations, in order to regulate, control and control banking operations. The Governor of the Iraqi Bank, Baghdad’s efforts to achieve the concept of “financial inclusion” and its applications, after the instability of security and financial in previous years without implementation.

Baghdad / Al-SabahThe Central Bank of Iraq announced the launch of the Tamkeen initiative to finance various activities, humanitarian, environmental and cultural projects and youth talents.

The Director of the Information Office of the Central Bank of Iraq, Acer Jabbar said in a statement that "in order to support community and humanitarian projects, the Central Bank announces the launch of the" Tamkeen "initiative, which aims to support and finance various activities and projects of humanitarian, environmental and cultural and youth talents to cover the largest number of projects and community activities and stimulate volunteerism "He said. "It was agreed to identify monthly contributions by banks and exchange companies and the formation of a joint board of management of the Fund consists of the Central Bank and the shareholders of the Fund," adding that "while appreciating the Central Bank of Iraq effort of the founders and shareholders, he invites businessmen and the facilitators To support the Fund by their contribution to support those initiatives and activities at a time when our country needs to unite efforts for the advancement and reconstruction. "The Director of the Information Office stressed that the Board of Directors of this fund will provide the requirements of transparency in directing these contributions and a high degree of management and management, and can contribute or query contact csr@cbi.i